July 8, 2020

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Bank of Canada to seek nominations for who should be on the new $5 bill

Bank of Canada governor Stephen Poloz speaks with guest after delivering a speech in Toronto on Thursday, December 12, 2019. Bank of Canada governor Stephen Poloz says the central bank is working on plans for a new $5 bill. THE CANADIAN PRESS/Nathan Denette

Bank of Canada governor Stephen Poloz speaks with guest after delivering a speech in Toronto on Thursday, December 12, 2019. Bank of Canada governor Stephen Poloz says the central bank is working on plans for a new $5 bill. THE CANADIAN PRESS/Nathan Denette

VANCOUVER - Bank of Canada governor Stephen Poloz says the central bank is working on plans for a new $5 bill.

Speaking in Vancouver, Poloz says the bank will soon be launching public consultations about who should appear on the new bill.

Sir Wilfrid Laurier, Canada's first francophone prime minister, is currently featured on the $5 note.

The consultations will be similar to those that led to the choice of Viola Desmond for the $10 bill which began circulation in 2018.

Desmond, a Nova Scotia civil rights pioneer and businesswoman, was selected by the finance minister to be on the $10 bill after an open call for nominations for iconic women who could appear on a bank note.

Poloz says this time the bank will be asking Canadians to nominate any historic Canadian they think may be worthy to be on the new bill.

This report by The Canadian Press was first published Jan. 9, 2020.

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